Blackrock Silver Triples Land Position at Tonopah West
Blackrock Silver Triples Land Position at
Tonopah West
Vancouver, British Columbia--(Newsfile Corp. - July 19, 2021) - Blackrock Silver Corp. (TSXV: BRC)
(the "
Company
") announces that it has increased its land position to the north and west of the existing
patented lands.
The Company has staked an additional 260 unpatented lode mining claims covering
approximately 21 square kilometres, more than tripling our land position within this prolific mining camp.
The claims cover the northwest extension of the Pittsburg-Monarch fault system, an area known to have
the thickest veins in the Tonopah district and are directly associated with this structural zone.
Historic
underground stopes along the Victor vein were up to 24 metres where the vein intersected the fault.
Blackrock has confirmed this with RCV drillhole TW20-001 cutting 965 g/t silver equivalent over 29
metres, which was later followed up with core drillhole TW20-061C, which cut 18.5 metres grading 295
g/t AgEq, including 1.52 metres of 1,791 g/t AgEq (Ag/Au = 100:1) (see news releases dated July 20,
2020, and January 14, 2021).
A similar scenario at the Ohio vein occurred where stopes were up to 14 metres thick where the Ohio
vein intersected the Pittsburg-Monarch fault system.
In addition to securing the extension of one of the major structures within the district, the claims cover a
pediment area on the north side of the district where an east-west structural zone has been identified
and mapped with similar geology to the Tonopah West project.
Andrew Pollard, President & CEO, commented, "With a year and nearly 80,000 metres of drilling now
under our belts, our understanding of this legendary mining camp continues to sharpen, significantly
expanding the potential for this project and our shareholders.
With ten high-grade veins now established
representing a cumulative strike in excess of six kilometres, and as we march toward delivery of our
maiden resource estimate, due in November, we continue to look for possibilities for further discoveries.
By more than tripling our current land position along such a key structural zone within this storied district,
it represents a coup for us and we're excited to get to work refining drill targets."
Initial work will consist of detailed ground mapping, gravity and magnetic geophysical surveys to refine
the drill targets.
Figure 1: Tonopah West Project New Claims and Target Location Map.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/676/90534_14b6410fc4635938_002full.jpg
Blackrock's exploration activities at the Tonopah West Project are being conducted and supervised by
Mr. William Howald, Executive Chairman of Blackrock Silver Corp. Mr. William Howald, AIPG Certified
Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101. He
has reviewed and approved the contents of this news release.
In addition, the Company announces that it has awarded under its Restricted Share Unit Plan of an
aggregate of 335,000 restricted share units ("RSUs") to its directors and officers.
Each RSU entitles the
recipient to receive one common share of the Company, or a cash payment equal to the equivalent for
one common share of the Company on vesting as to one-third on each of the first, second and third
anniversaries of the date of grant.
RSU awards are subject to all necessary regulatory and shareholder approvals.
About Blackrock Silver Corp.
Blackrock is a junior gold-focused exploration company that is on a quest to make an economic
discovery. Anchored by a seasoned Board, the Company is focused on its Nevada portfolio of
properties consisting of low-sulphidation epithermal gold & silver projects located along the established
Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.
For further information, please contact:
Andrew Pollard, President & CEO
Blackrock Silver Corp.
Phone: 604 817-6044
Email:
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of Canadian securities
legislation. Such forward-looking statements concern the Company's strategic plans, completion and
exercise of the Tonopah option agreement, timing and expectations for the Company's exploration
and drilling programs, estimates of mineralization from drilling, geological information projected from
sampling results and the potential quantities and grades of the target zones. Such forward-looking
statements or information are based on a number of assumptions, which may prove to be incorrect.
Assumptions have been made regarding, among other things: conditions in general economic and
financial markets; accuracy of assay results; geological interpretations from drilling results, timing and
amount of capital expenditures; performance of available laboratory and other related services; future
operating costs; and the historical basis for current estimates of potential quantities and grades of
target zones. The actual results could differ materially from those anticipated in these forward-looking
statements as a result of the risk factors including the ability of the Company to complete the Tonopah
lease option, the timing and content of work programs; results of exploration activities and
development of mineral properties; the interpretation and uncertainties of drilling results and other
geological data; receipt, maintenance and security of permits and mineral property titles;
environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses;
availability of funds; failure to delineate potential quantities and grades of the target zones based on
historical data, and general market and industry conditions. Forward-looking statements are based on
the expectations and opinions of the Company's management on the date the statements are made.
The assumptions used in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the date the statements
were made. The Company undertakes no obligation to update or revise any forward-looking
statements included in this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/90534